The Bank of Mom and Dad: How Parents Insure Against Income Shocks

Comments (2)

toomuchtodo · 13h ago

Paper: Insuring Labor Income Shocks: The Role of the Dynasty - https://www.nber.org/papers/w34253 | https://doi.org/10.3386/w34253

al_borland · 13h ago

I’ve seen many people put their own retirement at risk by giving their children too much help for too long. They meant well, but put themselves in a very vulnerable position. Due to their children not learning how to take care of themselves, they are in no position to return the favor and help their parents in retirement.

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The Bank of Mom and Dad: How Parents Insure Against Income Shocks

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